Southside Bancshares, Inc. named one of America’s Top 25 Banks
TYLER, Texas, July 20 12, 2022 (GLOBE NEWSWIRE) — Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company of Southside Bank, has been named one of the “Top 25 Banks” in America by the bank’s chief . A recent study by RankingBanking analyzed the 300 largest publicly traded banks in the United States based on 2021 performance using key financial measures such as profitability, capital adequacy, asset quality and yield total for shareholders. Based on its strong performance for 2021, Southside landed in the top 25 of the Banking Managers list, released in July 2022.
“We are proud to be recognized as one of the Top 25 Banks by Bank Manager and among a list of elite banks across the United States,” said Lee R. Gibson, President and Chief management of Southside Bancshares, Inc. “Throughout our 60-year history, we have maintained a strong commitment to delivering excellence to our customers, communities and shareholders – this recognition is a reflection of that commitment.
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About Southside Bancshares, Inc.
Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $7.12 billion in assets as of March 31, 2022. Through its wholly owned subsidiary, Southside Bank , Southside currently operates 56 branches and a network of 74 ATMs. / ITM in East Texas, Southeast Texas and the Dallas/Fort Worth, Austin and Houston areas. Serving customers since 1960, Southside Bank is a community-focused financial institution that offers a full range of financial products and services to individuals and businesses. These products and services include consumer and commercial loans, mortgages, deposit accounts, safe deposit boxes, cash management, wealth management, trust services, brokerage services and a range of online and mobile.
To learn more about Southside Bancshares, Inc., please visit our Investor Relations website at https://investors.southside.com. Our Investor Relations site provides a detailed overview of our business, financial information and historical stock price data. To receive email notification of company news, events and stock market activity, please sign up on the Email Notification portion of the website. Questions or comments can be directed to Lindsey Bailes at (903) 630-7965, or [email protected]
Certain statements other than historical fact contained in this press release and in other written materials, documents and oral statements issued by or on behalf of the Company may be deemed “forward-looking statements” within the meaning and subject to them. safe harbor protections of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and should not be relied upon as representing the views of management as of any future date. These statements may include words such as “expect”, “estimate”, “project”, “anticipate”, “appear”, “believe”, “could”, “should”, “may”, “could”. , ‘will’, ‘would’, ‘seek’, ‘intend’, ‘probability’, ‘risk’, ‘goal’, ‘target’, ‘objective’, ‘plan’, ‘potential’ and expressions similar. Forward-looking statements are statements regarding the beliefs, plans, expectations, objectives, goals, anticipations, assumptions, estimates, intentions and future performance of the Company and are subject to important risks and uncertainties. known and unknown, which could affect the actual results of the Company. differ materially from the results discussed in the forward-looking statements. For example, discussions about the effect of our expansion, the benefits of the share buyback plan, trends in asset quality, capital, liquidity, the company’s ability to sell non-performing assets, expense reductions, expected operational efficiencies and growth benefits and certain market risk disclosures, including the impact of interest rates, tax reform, inflation, impacts related to or resulting from Russia’s invasion of Ukraine and other economic factors are based on information currently available to management and depend on choices regarding key model features and assumptions and are subject to various limitations. By their nature, certain market risk information is only an estimate and could differ materially from what actually occurs in the future. Accordingly, our results could differ materially from those estimated. The most recent factor that could cause future results to differ materially from those anticipated by our forward-looking statements includes the continued impact of the COVID-19 pandemic and related variations on our business, financial condition, operations and our outlook, including our ability to continue our business operations in certain communities we serve, the duration of the pandemic and its continued effects on financial markets, a reduction in financial transactions and business activities resulting in lower deposits and reduced loan originations, our ability to manage liquidity in a rapidly changing and unpredictable market environment, supply chain disruptions, labor shortages and interest rate changes by the Federal Reserve and other government actions in response to the pandemic, including regulations or laws enacted to counter the effects of the COVID-19 pandemic on the economy.
Additional information regarding the Company and its business, including additional factors that could materially affect the Company’s financial results, is included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, under “Part I – Point 1”. Forward-Looking Information” and in other filings by the Company with the Securities and Exchange Commission. The Company disclaims any obligation to update any factors or publicly announce the outcome of any revisions to any of the forward-looking statements included herein to reflect future events or developments.
Contact: steven campbell